Trusted Market and Commodities-Trade Intelligence
ADAMA Agricultural Solutions Ltd. (ADAMA) released its financial report, showing that in Q3 2018, the sales were up by 3.4% year on year to USD872 million. This really hit a historic high.
On 16 Oct., 2018, Beijing Grand AgroChem Co., Ltd. (Grand AgroChem) signed a strategic cooperative deal with Bulgaria Agria S.A. (Agria) to realize win-win in products and markets. After the deal is complete, Grand AgroChem will become the exclusive agent of Agria’s 80% mancozeb WP in the China area.
The 4th CAC Pakistan Summit (2018 CAC), which was organized by CCPIT Sub-Council of Chemical Industry (CCPIT Chem) and Lahore Chamber of Commerce and Industries (LCCI) jointly, is going to be held in Lahore, Pakistan from 3-5 December 2018. In total, over 100 pesticide, fertilizer, agricultural machinery, and seed leading enterprises from China, Pakistan, India, and other countries will participate.
On 26 Sept., 2018, the Ministry of Agriculture and Rural Affairs (MARA) approved the formal registrations of seven amicarbazone products, indicating the upcoming peaking for amicarbazone registration.
In early Oct. 2018, the National Agro-Tech Extension and Service Center (NATESC) published information about the medium-scale occurrence of diseases and pests for late rice in China. The number of rice planthoppers in the east of Jiangnan Region rose fast and the volume of rice leaf rollers in certain areas was quite large.
On 15 Oct., 2018, the Top 30 Exporters of Pesticides in China in 2017 were revealed on the Eighteenth AgroChemEx. The top one is still Shandong Weifang Rainbow Chemical Co., Ltd. and the second is Nutrichem Laboratory Co., Ltd.
On 29 September 2018, Sinochem International Corporation (Sinochem International) and Sichuan Fuhua Crop Protection Technology Investment Co., Ltd. (Sichuan Fuhua) signed a Share Transfer Agreement. Sichuan Fuhua became the transferee of 29.19% of shares in Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan), with transfer price at USD3.0/share and sum at USD261.5 million. The payment was in cash.
On 6 Sept., 2018, 58 officials and technology experts from 16 developing countries that attended the 2018 Developing Countries Capacity Cooperation Seminar visited Qingdao Hailir Pesticides & Chemicals Co., Ltd. (Qingdao Hailir). The countries include Belarus, Uzbekistan, Ghana, Bulgaria, Cameroon, Cuba and Vietnam.
On 8 October 2018, the Executive Meeting of the State Council was held. During this, the decision to complete the export rebate policy and accelerate the drawback was made. From 1 November 2018 specifically,
² The respective export rebate rate of 15% and 13% on certain commodities will be both increased to 16%
² The figure of 9% will be raised to 10% and even to 13% partially
² The rate of 5% will be improved to 6% and even to 10% partially
On 2 Sept., 2018, some person in charge of the overseas business department of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) attended the China Burkina Faso Economy, Trade and Investment Recommendation Meeting.